Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

The government should lower the minimum wage, cautiously deregulate (we still need healthy food and stable banks for example), and aggressively seek out free trade with other countries.

Putting the Bankers on minimum wages would help make them bigger criminals than they already are. Worth a try, when do we start?

White_Unifier

#5

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by petros

Flossy! Heeeeeere Flossy. Come on boy.

So what do you propose?

MHz

-1

#6

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Cap the income for the the top at $1M (income expenses cover business expenses) and the money saved goes to the lowest on the pay-scale. Since that would bring sanctions by the parent company you also have to take over the stock market as well and any money made in the country stays in the country.
France and Israel are the two nations who jump the highest at orders from the bankers, unless you are willing to go all the way it is healthier to allow the control to go where they have already determined it will go. They will eventually stumble and fall all on their own.

White_Unifier

-1

#7

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by MHz

Cap the income for the the top at $1M (income expenses cover business expenses) and the money saved goes to the lowest on the pay-scale. Since that would bring sanctions by the parent company you also have to take over the stock market as well and any money made in the country stays in the country.
France and Israel are the two nations who jump the highest at orders from the bankers, unless you are willing to go all the way it is healthier to allow the control to go where they have already determined it will go. They will eventually stumble and fall all on their own.

I actually would support a legal personal wealth cap beyond which the Government of Canada could claim it. I'd start high though, maybe at a billion dollars. They might just invest more in their business, give more to charity, etc. to stay within that maximum, but even those actions could benefit Canada.

petros

+1

#8

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by White_Unifier

So what do you propose?

Alpo.

captain morgan

+3

#9

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by White_Unifier

I actually would support a legal personal wealth cap beyond which the Government of Canada could claim it. I'd start high though, maybe at a billion dollars. They might just invest more in their business, give more to charity, etc. to stay within that maximum, but even those actions could benefit Canada.

France tried it and it has been a dismal failure.. A 75% tax rate on income over 1 million Euros.The result is that the wealthy have moved their cash out of France and are thereby supporting (via the tax base) neighboring countries.

But hey, if you want to stick it to Da Man and strike a blow for The People, go on and do it, but just don't bitch about how shitty things are when there's no new money in the system

White_Unifier

#10

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by petros

Alpo.

Alpo?

White_Unifier

-1

#11

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by captain morgan

France tried it and it has been a dismal failure.. A 75% tax rate on income over 1 million Euros.The result is that the wealthy have moved their cash out of France and are thereby supporting (via the tax base) neighboring countries.
But hey, if you want to stick it to Da Man and strike a blow for The People, go on and do it, but just don't bitch about how shitty things are when there's no new money in the system

That's why I proposed capping it at a billion dollars and limiting it to personal wealth only and not business wealth. That would allow a billionaire plenty of maneuverability by just investing more in his business so as to increase his business assets so as to reduce his personal wealth. That would actually encourage more investment as a way to avoid taxes.

petros

+1

#12

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

You can't tax assets only income.

petros

+2

#13

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Hence the term "income tax" rather than "asset tax".

MHz

-1

#14

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

You should be more concerned with the 106% tax on printing money instead of it being the 6% taxable income that is should be. They can be fired and you can make more money when only the rich and corporations pay interest on their loans. That is 99% of all banking transactions so why shouldn't they pay the fees a banks runs up over the year?

Money created out of thin air has no expenses and it is done 10 times by every bank as they only need 10% cash on hand.
Make 'money' an essential utility and most of the problems are solved. What will they do, quit and have no other income?

I would favor a debit card be issued at birth with the amount a person needs to reach 'old age' and have any surplus go back to the 'pool'. (including 'babysitting fees; to mom and dad. More $$$ if it is the smarter one that stays home.

At some point where a person is born will be a big hint as to what his future will be and how much it will cost him and how much he will make can be estimated and the longer that happens the better the predictions will be. It eliminates the advantages that go with 'inherited money' rather than 'natural talents'.

White_Unifier

-1

#15

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by petros

Hence the term "income tax" rather than "asset tax".

I would actually prefer a personal wealth tax since it means a lower tax rate. For example, a 20% tax on accumulated personal wealth minus personal assets and debt would be nothing compared to a 20% income tax since even a wealthy person will not convert all of his income into assets (such as eating out at a restaurant, watching a concert, traveling, etc.).

MHz

#16

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by petros

Hence the term "income tax" rather than "asset tax".

The World Bank collects $30B as interest on the National debt. That should be taxable as it is income, how much tax is owed?

Walter

+1

#17

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

The only fair tax is a consumption tax.

petros

+1

#18

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by MHz

The World Bank collects $30B as interest on the National debt. That should be taxable as it is income, how much tax is owed?

We owe the World Bank? Are you sure it's not domestic institutions?

petros

+3

#19

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by White_Unifier

I would actually prefer a personal wealth tax since it means a lower tax rate. For example, a 20% tax on accumulated personal wealth minus personal assets and debt would be nothing compared to a 20% income tax since even a wealthy person will not convert all of his income into assets (such as eating out at a restaurant, watching a concert, traveling, etc.).

This 2009 entertaining documentary film explores the history of banking, the selling out of the prosperity of Canada, the clearance sale of Canadian businesses and the political liquidation of public infrastructures to the multi-national corporate oligarchy. How has this led to the biggest economic crash / recession / depression in Canadian history? Could it have something to do with our politicians listening to international bankers and corporations instead of the people Canada? How does the Canadian banking system really work? How does the central Bank of Canada compare with the American Federal Reserve? This movie presents these issues that affect every Canadian from the perspective of and delivered by concerned youth in a astute and colourful manner. This is a serious journalism piece that asks the tough questions directly to such politicians as Former Prime Minister of Canada Paul Martin, Canadian Finance Minister Jim Flaherty, Green Party Leader Elizabeth May, Ontario Gas Man Dan McTeague, NDP Leader Jack Layton, Mayor of Oshawa John Gray, Former Prime Minister of Canada John Turner and many more!

White_Unifier

#21

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by petros

Why? How the f-ck would you be able to save for retirement?

Are you serious? If someone had to pay a personal wealth tax on any wealth above one billions dollars not counting business assets, essential assets, and subtracting debt, and maybe even subtracting necessary savings for retirement, I think he'd be more than okay.

petros

+1

#22

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Why should they pay twice? Because you're jealous?

White_Unifier

+1

#23

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by petros

Why should they pay twice? Because you're jealous?

No, I ws proposing instead of income tax. That would probably mean an even lower tax on them.

petros

#24

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Then you're right back to "how the f-ck do you save for retirement?" Do you think you should be excluded?

Walter

+2

#25

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

The only fair tax is a consumption tax.

petros

+1

#26

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

And user fees.

Walter

+1

#27

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by petros

And user fees.

Almost the same thing.

Mowich

-1

#28

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by White_Unifier

Alpo?

Arf........Arf!

pgs

#29

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by White_Unifier

I actually would support a legal personal wealth cap beyond which the Government of Canada could claim it. I'd start high though, maybe at a billion dollars. They might just invest more in their business, give more to charity, etc. to stay within that maximum, but even those actions could benefit Canada.

You obviously have no real assets or the incentive to acquire them .

White_Unifier

#30

Re: Canada loses 51,600 jobs in August, pushing up unemployment rate

Sep 7th, 2018

Quote: Originally Posted by pgs

You obviously have no real assets or the incentive to acquire them .

Are you telling me that once you subtract your business assets, necessary assets, debt, and a billion dollars of personal accumulated discretionary wealth, you would still have money left over to give to the government?